Nice explanation Jarroo, I think I see the basics of your analysis. On a more basic level, I can see that the open or left eye of that D PB is way outside the close of the previous bar by 15 pips or so and also that there was a lot of traffic from ...

james16 Chart Thread

Jarroo Can you explain why it tells you it wants to go higher. I see the weekly Bearish PB being short and well above the PPZ but isn't the daily PPZ not the same PA level? I mean, the W1 PPZ is at 1.13000 but the daily chart shows 1.1264 something.

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You know the average Japanese salary man, earns over 150,000,000 million in their lifetime. And that is living in a rabbit hut. PS: I would still trade forex, but not with all the money, perhaps 50,000,000 would do just fine.

james16 Chart Thread

After more than a few beers, but still coherent. I wonder why you passed on other trades yet took this trade right above the 61.8 fibo? I am not sure if it was a Long or Short trade as there are no entry lines on the chart.

james16 Chart Thread

[/quote] LOL Well. if you are going to make such a trade or wager as this guy did, one should always have a stop loss in place.

james16 Chart Thread

In Asian, you could have 5 lives and live like a king. Even in Japan, you could have 1.5 lives and live well.

james16 Chart Thread

I am glad I spent the rest of my day studying, going to kendo and drinking beer. Thanks for the recommendation. PS: There was a news story today here in Japan about some guy, who embezzled three hundred million Yen from an associate company, and ...

james16 Chart Thread

Just what the Doctor ordered I feel, with this twitchy trigger finger.

james16 Chart Thread

Jarroo, your posts never fail to show me how little I know and simultaneously, present me the delight of how much there is to learn.

james16 Chart Thread

I am looking at the GBP/USD PB as I have been from yesterday. The areas at the arrows, just 26 pips after the break of the Daily PB concern me a little. Also, the size of the weekly Bearish PA compared to this PB is not gratifying.

james16 Chart Thread

Thanks Bundy, that is a good idea, I had almost forgotten about FTPs, with the gracious help of you guys.

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Thanks Mike. Yes, I think the human mind always wants to rationalize patterns and put them into nice little boxes, to try to create some kind of order, even when it can't really be rationalized. I think I still have too many lines on my charts and ...

james16 Chart Thread

Thanks Jarroo Your comments are clearly understood on this point. Yes, I can see how too much switching to lower TF can confuse the situation. People were talking about the D1 Bullish PB that just formed on GBP/USD and some were looking at H4 and ...

james16 Chart Thread

No, not a pivot. Fibo Tool indicator. Was that not you? EDIT: Sorry Ghous, it was not you. LoL t was LasVahGoose Member

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For Ghous — LasVahGoose Member I noticed your post looking for a fibo indicator that will draw the levels on the chart. I can't find that thread again or would post it there but, I found this indicator and thought maybe it was sort of what you ...

james16 Chart Thread

Yes, I read them of course. I just did not associate those comments with behaving properly. I am learning so much, I am trying to get my head together and not get too stuck on any particular aspect. That seems to be the hard bit.

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Got to cool this wild imagination though. Thanks HS and good trading to you also.

james16 Chart Thread

Thanks SC. Yes, that was my first impression then my imagination took over.

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Jarroo I have been thinking about your comment about PA behaving properly. could you explain a little more what "Behaving properly" means in terms of a PB or other PA. All kinds of things have been going through my head about this over the weekend ...

james16 Chart Thread

I don't see any DBLHC on your chart. The DB's have to be within 2 pips of each other. Are the lows of these bars within 2 pips?

james16 Chart Thread